12, maybe. And jpmorgan says dont give up on nikola. Thats ahead we start with the markets. Dom chu has that for us. Weve been on either side of the unchanged line well call these markets stable. Weve seen some fractional gains and losses fractionally to the down side. A quarter percent to the down side for the dow the s p off a third of a percent. Similar moving for the nasdaq composite. Key level to watch for the nasdaq, 3401 at the highs of the day, we were up 19 in the s p and down 18 at the lows a good amount of symmetry with regard to the trading range today. A hot part of the market is the Cloud Computing industry this etf, ticker clou, has been a massive upside mover up another 1 today. Record highs for this etf and again since the pant lows wep lows, were talking about a 116 gain one other place to watch in terms of the stock, l brands, price target upgrade by analysts at jpmorgan, that stock was given up for dead quite a time ago. Up 87 almost a twoyear high this is victorias
Joining us is mark mahney and mark blacklength. Mark, we have covered some of the sources of worry in the earlier hours. I think i saw you cut your target about 100 bucks is that right . Yeah, thats right. Look whats the thinking yeah. Were going to buy this dip. You are getting close to a trough multiple on amazon. Its around 15 tyimes cash flow you are close to a bottom. This oneday investment thats depressing margins near term, this is the kind of investment you should expect out of amazon. Its the investment you should want out of amazon it will get harder for anybody to compete with amazon in terms of that level of delivery. The one real thing to focus on i dont think the call did enough justice to this is that aws business. Amazon, they are pivoting or adding they are going after the enterprise they are under pressure near term i think people are worried about the percentage slowdown in Revenue Growth focus on the dollar of growth year over year thats accelerating. That tells you
Designeds a mobile app to share content with friends, but it looks a lot like snapchat messaging. We have the details. First, our top story. Foras bad news, good news tesla after thirdquarter delivery numbers. Cars. Ivered 97,000 elon musk had hiked the idea of reaching 100,000. Tesla shares sank. Analyst looksc ahead to earnings following the delivery numbers. We have them falling short of guidance. Even if you look at the production levels, there was some record production levels, 96,000 some odd units they would need to be a significant increase in that. I think there is hope the shanghai factory will be able to come online, but we remain skeptical. Taylor with more, i want to bring in orton johnson, and also and also iohnson, reporter. We talked about the delivery numbers. Im curious about that composition mix. What do you make of the different models and the price differential . The model three was 82 of deliveries. Three,reat for the model but it is a concern because the margins
Introduces a mobile app designed to share content with friends, but it looks a lot like snapchat messaging. We have the details. First, our top story. It was bad news, good news for tesla after thirdquarter delivery numbers. It delivered 97,000 cars. Elon musk had hiked the idea of reaching 100,000. Tesla shares sank. Earlier, an rbc analyst looks ahead to earnings following the delivery numbers. We have them falling short of guidance. Even if you look at the production levels, there was some record production levels, 96,000 some odd units they would need to be a significant increase in that. I think there is hope the shanghai factory will be able to come online, but we remain skeptical. Taylor with more, i want to bring in gordon johnson, and let me start with you. We talked about the delivery numbers. Im curious about that composition mix. What do you make of the different models and the price differential . The model 3 was 82 of deliveries. It is great for the model three, but it is
David i dont think people would recognize me if i fixed my tie, but ok. I dont consider myself a journalist. Nobody else would consider myself a journalist. I began taking on the life of an interviewer even though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . Let me go back to the beginning of golf. I am not a golfer. I took it up when i was 10. I took it up when i was nine, i quit when i was 10. Jack im not one anymore either. David but you were pretty famous. It was too frustrating and here is what i cannot understand. Why is it some new people are addicted to something that is so humiliating and frustrating to so many people . It never goes where it supposed to go, why are people addicted to it . Jack that is a pretty good question. Its a neverending pursuit of an unattainable goal. David right. Jack you could try all you want. Nobody has ever mastered the game. Other athletes left her play golf because love t